Sanctuary Advisors LLC Takes $258,000 Position in John Bean Technologies Co. (NYSE:JBT)

Sanctuary Advisors LLC bought a new position in John Bean Technologies Co. (NYSE:JBT) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,621 shares of the industrial products company’s stock, valued at approximately $258,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JBT. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of John Bean Technologies by 170.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 842,184 shares of the industrial products company’s stock worth $82,964,000 after purchasing an additional 531,298 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in John Bean Technologies by 57.5% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,279,425 shares of the industrial products company’s stock worth $121,507,000 after buying an additional 466,846 shares during the period. ArrowMark Colorado Holdings LLC purchased a new stake in John Bean Technologies in the 3rd quarter worth $29,385,000. NFJ Investment Group LLC bought a new stake in John Bean Technologies during the third quarter valued at about $12,151,000. Finally, Envestnet Asset Management Inc. lifted its position in shares of John Bean Technologies by 91.0% in the second quarter. Envestnet Asset Management Inc. now owns 188,122 shares of the industrial products company’s stock valued at $17,866,000 after acquiring an additional 89,604 shares in the last quarter. 98.92% of the stock is owned by hedge funds and other institutional investors.

John Bean Technologies Trading Down 2.5 %

Shares of John Bean Technologies stock opened at $128.38 on Friday. The company has a quick ratio of 2.00, a current ratio of 2.55 and a debt-to-equity ratio of 0.41. The firm has a market cap of $4.09 billion, a price-to-earnings ratio of 23.82, a PEG ratio of 1.71 and a beta of 1.24. John Bean Technologies Co. has a twelve month low of $82.64 and a twelve month high of $132.69. The business has a 50-day moving average price of $120.20 and a 200-day moving average price of $103.09.

John Bean Technologies (NYSE:JBT) last released its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. The business had revenue of $453.80 million for the quarter, compared to the consensus estimate of $442.20 million. John Bean Technologies had a return on equity of 10.16% and a net margin of 10.25%. The company’s revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.11 EPS. Equities research analysts anticipate that John Bean Technologies Co. will post 5.21 EPS for the current fiscal year.

John Bean Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were given a dividend of $0.10 per share. The ex-dividend date was Friday, December 13th. This represents a $0.40 annualized dividend and a yield of 0.31%. John Bean Technologies’s dividend payout ratio (DPR) is currently 7.42%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on JBT shares. Jefferies Financial Group initiated coverage on John Bean Technologies in a research note on Thursday, December 12th. They set a “hold” rating and a $130.00 target price on the stock. CJS Securities began coverage on shares of John Bean Technologies in a research report on Thursday, December 12th. They set an “outperform” rating and a $150.00 price objective on the stock.

John Bean Technologies Profile

John Bean Technologies Corporation provides technology solutions to food and beverage industry in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It offers value-added processing that includes chilling, mixing/grinding, injecting, blending, marinating, tumbling, flattening, forming, portioning, coating, cooking, frying, freezing, extracting, pasteurizing, sterilizing, concentrating, high pressure processing, weighing, inspecting, filling, closing, sealing, end of line material handling, and packaging solutions to the food, beverage, and health market.